631 Agnes Street

Property Overview & Key Characteristics

This 1909 two-storey home on Agnes Street presents a classic Winnipeg character property with significant potential. Its key appeal lies in a combination of established charm and a solid foundation for customization. The home sits on a generous 2,566 sqft lot, which is notably larger than many in the city (ranking in the top 6% for Winnipeg), offering valuable outdoor space and future possibilities. With 1,236 sqft of living space and a detached garage, it provides the core structure of a traditional family home.

The property is ideally suited for a specific type of buyer: those with a vision for a personal project. It appeals to the practical renovator who values a large lot and good bones over a move-in-ready finish, as the basement is noted as unrenovated. Its location in Daniel McIntyre offers established neighbourhood character with the convenience of inner-city living. A less obvious perspective is the financial headroom provided by its current assessed value; for a buyer planning significant upgrades, the existing municipal valuation may allow for substantial improvements before proportionally increasing property taxes, which can be a strategic advantage.

Frequently Asked Questions

1. What does "basement, not renovated" typically imply?
It indicates the basement is in original or functional condition, but not modernized. Buyers should budget for potential updates to insulation, flooring, or layout to suit their needs, but it also represents a blank canvas without the cost of undoing someone else's finished work.

2. How significant is the lot size?
At over 2,500 sqft, the lot is a major asset. It provides ample yard space, better privacy from neighbours, and increased flexibility for gardening, entertaining, or future additions like a deck or expanded garage, which is rare for older inner-city homes.

3. The home was built in 1909. What should I be prepared for?
While offering charm, a home of this age likely has original elements like plaster walls, older windows, and outdated electrical or plumbing systems. A thorough inspection is essential. The positive trade-off is often superior craftsmanship and materials not found in newer builds.

4. How does the assessed value compare to the likely selling price?
The assessed value ($14,100) is for municipal tax purposes and is typically much lower than market value. It reflects a historical formula and does not dictate sale price. Nearby comparable listings with similar assessed values have widely varying asking prices based on their condition and updates.

5. Is the detached garage a major benefit?
In this neighbourhood, yes. A detached garage provides secure parking and valuable storage or workshop space without compromising the home's footprint. It's a practical feature that adds utility and is often a sought-after asset in character neighbourhoods.